Rics Americas Inc

“The sole member of RICS Americas, Inc. is the royal institution of chartered surveyors, an international non-profit organization established by royal charter under the laws of the United Kingdom. FORM 990, PART I, LINE 7B UNRELATED BUSINESS TAXABLE INCOME FROM FORM 990-T THE AMOUNT REPORTED ON PART I, LINE 7B INCLUDES CERTAIN FRINGE BENEFIT EXPENSES SUBJECT TO UNRELATED BUSINESS TAXABLE INCOME UNDER IRC SECTION 512(A)(7) AMOUNTS THAT ARE NOT CLASSIFIED AS REVENUE AND, THEREFORE, NOT REPORTED AS SUCH ON FORM 990, PART VIII.”

“The member shall have the exclusive power and authority to (I) Establish and modify the number of directors of the corporation, (II) Appoint the directors of the corporation, (III) Remove any of the directors of the corporation, and (IV) Authorize and approve amendments, mergers, consolidations, sale, and dissolution of the corporation.”

“The Sole member has all of the voting rights.”

“The form is prepared by rics americas, inc. Which is then initially reviewed by the group tax accountant at rics hq in the uk. Next the form is sent to kpmg for review and amendment before being returned to rics americas and hq for final agreement. The form is then given to the managing director for final review and signing, at which time it is distributed to the officers and board of directors of the corporation via email prior to the filing of the form with the irs.”

“CONFLICT OF INTEREST POLICY IS PROVIDED TO OFFICERS OF THE CORPORATION. THE OFFICERS ARE OBLIGATED TO DISCLOSE ANY CONFLICTS AS THEY OCCUR THROUGH AN ANNUAL CONFLICT OF INTEREST INFORMATION FORM. THE QUESTIONNAIRE IS REVIEWED BY THE RISK DEPARTMENT AND REPORTED TO THE AUDIT COMMITTEE. BREACH OF POLICY MAY RESULT IN DISCIPLINARY ACTION, INCLUDING TERMINATION OF EMPLOYMENT, IF APPROPRIATE. IN PRACTICE, IF A CONFLICT IS IDENTIFIED, THE INDIVIDUAL DOES RECUSE THEMSELVES FROM PARTICIPATING IN ANY DECISIONS RELATED TO THE CONFLICT. Form 990, Part VI, Section B, Lines 15a & 15b RICS AMERICAS RELIED ON THE ROYAL INSTITUTION OF CHARTERED SURVEYORS', ITS RELATED ORGANIZATION, COMPENSATION COMMITTEE TO DETERMINE ITS TOP MANAGEMENT AND OTHER OFFICERS COMPENSATION. THE RELATED ORGANIZATION'S COMPENSATION COMMITTEE'S REVIEW PROCESS IS AS FOLLOWS: ALL PROPOSED RAISES AND BONUSES ARE SENT BY THE LINE MANAGERS TO HUMAN RESOURCES FOR APPROVAL. FROM THERE, THEY ARE SUBMITTED TO THE CEO FOR REVIEW AND FURTHER APPROVAL. ONCE APPROVED BY THE CEO, ALL PROPOSALS ARE SENT TO THE REMUNERATION COMMITTEE FOR FINAL APPROVAL.”

“An Annual Report of RICS UK is made available to the public on the RICS website https://www.rics.org/north-america/. The organization makes its governing documents and conflicts of interest policy available to the public upon request.”

“Rics americas mission and operations are integrated with the royal institution of chartered surveyors (rics) and rics membership through the conduct of activities aimed at (a) facilitating and enhancing rics relationship with its membership in the region, including the collection of membership subscriptions and other fees, (b) expanding the membership of rics in the region, and (c) supporting the programs, activities, operations, purposes, objectives and mission of rics both in the region and worldwide. Rics sets and enforces professional standards in land, property, and construction to serve the public trust. Our members deliver the highest level of professionalism through technical and ethical standards across the property profession. Rics is the most sought after professional qualification with over 180,000 members across 146 countries. Rics objective is to maintain and promote the usefulness of the profession for the public advantage. Rics members around the world facilitate the whole lifecycle of property, from land management and measurement, through planning, environmental impact assessment, and investment appraisal, to managing the construction process and advising on the most efficient use of buildings. Rics members are respected by property investment and finance professionals globally for their ability to provide accurate valuations of land-related assets in rapidly changing markets. Rics membership offers a professional qualification that is an internationally recognized assurance of certified standards and ethics.”

“Accounts are not required to be audited under applicable laws. However, a desktop review of RICS America Inc.'s results is performed as part of the overall group audit.”